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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 FiQFuYv+82/spvD82KpIsvpnFKnFFLwuRuDsJpbbTnBWUjBo8BuC0az2Rqa54Ozm
 gxgIYrOdXJkcHW+OJAFzaA==

<SEC-DOCUMENT>0001010549-08-000147.txt : 20080811
<SEC-HEADER>0001010549-08-000147.hdr.sgml : 20080811
<ACCEPTANCE-DATETIME>20080306170003
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001010549-08-000147
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20080306

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHINA RECYCLING ENERGY CORP
		CENTRAL INDEX KEY:			0000721693
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				900093373
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 909, TOWER B, CHANG AN INTL BLDG
		STREET 2:		NO. 88 NAN GUAN ZHENG XIE
		CITY:			XI AN CITY, SHAN XI PROVINCE
		STATE:			F4
		ZIP:			710068
		BUSINESS PHONE:		86-29-8765-1096

	MAIL ADDRESS:	
		STREET 1:		SUITE 909, TOWER B, CHANG AN INTL BLDG
		STREET 2:		NO. 88 NAN GUAN ZHENG XIE
		CITY:			XI AN CITY, SHAN XI PROVINCE
		STATE:			F4
		ZIP:			710068

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHINA DIGITAL WIRELESS INC
		DATE OF NAME CHANGE:	20040810

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BOULDER ACQUISITIONS  INC
		DATE OF NAME CHANGE:	20020430

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BOULDER BREWING CO
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<html>

<head>
<title></title>
</head>

<body>

<font FACE="Times New Roman"><i>
<div style="border-top-style: solid; border-top-width: 1; padding-top: 1">
  <hr color="#000000" size="5">
</div>
<p align="center"><font size="2">Appendix 1: </font></p>
</i>
<p align="justify"><font size="2">Please find following the terms of the
settlement agreement (Repayment Plan) with Shanghai Sifang Information
Technology Co. </font></p>
<p align="center"><font size="2">Repayment Plan </font></p>
<p><font size="2">To Shanghai TCH Energy Technology Co., Ltd.: </font></p>
<p align="justify"><font size="2">We promised to you in the form of Letter of
Undertaking on 31<sup>st</sup> Dec. 2007, that we will repay the debt before the
end of July, 2008. Since our company was in a period of operation transforming
from 2006 to 2007 that we didn't repay in time, we apologize again for any
inconvenience caused. According to the requirements in the letter dated 14<sup>th</sup>,
Feb. from you, and our recent financing status, the following supplemental
repayment plan was proposed and approved by the Board of Directors of our
company, </font></p>
<p align="justify"><font size="2">1. Repay RMB 6,000,000 before the end of
April., 2008 <br>
2. Repay RMB 10,000,000 before the end of May, 2008 <br>
3. Repay RMB 10,908,515.20 before the end of June., 2008 <br>
Total: RMB 26,908,515.20 </font></p>
<p align="justify"><font size="2">We solemnly and sincerely promise that, if we
can't repay in time, we will bear all the legal responsibility arising
there-from. </font></p>
<p align="justify"><font size="2">Shanghai Sifang Information Technology Co. <br>
02/15/2008 </font></p>
</font>
<p align="justify">&nbsp;</p>
<p align="justify">&nbsp;</p>
<hr color="#000000" size="5" align="justify">

</body>

</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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